Mergers & AcquisitionsMedium•28 September 2026•
1 min read
Astro Digital to Go Public via Merger with Proem Acquisition Corp I
Key Facts
1Astro Digital announced its intention to go public through a merger with the special purpose acquisition company Proem Acquisition Corp I.
2Astro Digital achieved a 42% two-year revenue CAGR while generating positive adjusted EBITDA.
Astro Digital announced its intention to go public through a merger with the special purpose acquisition company Proem Acquisition Corp I (PAAC). Reuters reported that the satellite manufacturer, which serves commercial and defense sectors, has entered into a definitive merger agreement to secure public market capital for scaling its manufacturing operations.
Astro Digital achieved a 42% two-year revenue CAGR while generating positive adjusted EBITDA. Regarding market performance, PAAC closed at $10.12 on September 25, 2026, which also marked the instrument's high and low for that session.